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Coal and Oil Group to invest $300 mn to buy ships and acquire coal mine
Coal & Oil Group is planning to invest around $300 million (around Rs 1,500 crore) to buy new ships and to acquire coal mines. The company is planning to invest the money to support its customer coal requirements in India and to meet its captive requirement for the upcoming project Rs 4,300 crore power at Tuticorin.

Rs 110,000 cr highway projects to be executed in 3 yrs
Highway projects worth about Rs 110,000 crore will be executed in the country over the next three years, Minister of State for Road Transport and Highways R P N Singh informed the Rajya Sabha today.

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Global M&A volume rises 46% in Q4 of 2009
Merger and acquisition (M&A) activities gained traction globally in the fourth quarter of 2009, witnessing a rise in value by 46 per cent to $739.6 billion.
International Business

No second term for Rajnath

The Rashtriya Swayamsevak Sangh (RSS) today obtained a commitment from the Bharatiya Janata Party’s (BJP’s) warring leaders that they would stop their infighting even as moves were initiated for a major overhaul of the party’s top brass, which will see the exit of Rajnath Singh as party president in the next three months and likely stepping down of L K Advani as leader of the Opposition in the Lok Sabha. - RSS steps up efforts for peace in BJP - "Doublespeak in BJP is so visible" - NEWSALERT: No succession plan in BJP, says Sangh - Happenings in BJP not good: PM - NEWSALERT: Controversy on Kandahar issue by BJP not good: PM - Khanduri takes complaint to RSS chief Camping in the national capital for the past several days, RSS supremo Mohan Bhagwat today had a breakfast meeting with Advani, which appeared to be a balancing act after his lunch yesterday with another BJP veteran and Advani rival, Murli Manohar Joshi. Advani had met Bhagwat yesterday also. The idea of 81-year-old Advani quitting the top party post in Parliament is supposed to have evolved at the series of RSS-BJP meetings. The move could trigger a chain of changes in the party’s top leadership with a focus on bringing younger leaders to top positions. Advani’s gesture, according to sources, would facilitate the smooth generational changes in the party that is heading for organisational elections by the year-end. Advani’s current deputy Sushma Swaraj is among the front-runners to replace him. He may be accommodated in a new position possibly as chairman of the BJP-led NDA, a post currently held by ailing Atal Bihari Vajpayee. For Rajnath Singh, the day’s developments came as a damper for his ambition of another term as the party president. BJP spokesperson Prakash Javadekar said Singh would not get another term as the party’s constitution does not allow it. “Here only one term is given, so there should be no doubt in anyone’s mind about this..... In every three years, elections are held (to choose a new president).” Rajnath’s term is due to end in December. The finale of the three-day consultations was held at Advani’s residence where Bhagwat with his lieutenants, Madan Das Devi and Suresh Soni, drove this morning. Breaking Sangh’s silence on what was going on in these meetings at RSS headquarters here for two days, Devi said: “The RSS is assured that the BJP leadership will stand united and face the present situation, and will overcome all the problems and emerge stronger.” For the record, Javadekar and senior BJP leader M Venkaiah Naidu told reporters separately that Advani would continue to lead the party.


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